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of <h1>Court Restores Original Penalty for Importer in Customs Dispute u/s 18, Emphasizes Balance in Compliance and Business Needs.</h1> In a customs dispute concerning provisional assessment under Section 18 of the Customs Act, 1962, an importer faced penalties for not submitting required documents within the stipulated period. The core issue was whether a reduced penalty could be imposed for procedural lapses. Initially fined Rs. 5000, the penalty was increased to Rs. 50,000 per Bill of Entry by the Commissioner (Appeals). However, the court found no revenue loss or deliberate delay by the importer, referencing precedents like Jai Balaji Industries Ltd., and restored the original nominal penalty. This case highlights the balance between regulatory compliance and practical business operations.
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